August 30, 2017
Hurricane Harvey: News and a Message From TLTA
As you know, much of Texas has been severely impacted by Hurricane Harvey. Recovery efforts have begun in some areas, but others are still being damaged by the storm.
As your TLTA community and family, we want to make sure all our members in affected areas are safe. If this terrible storm has affected you or someone in the industry you know, please contact us at firstname.lastname@example.org or 512.472.6593. We are gathering information on what offices and their employees are in need so we can share that information with you, along with the best way to help. Once we have more information about opportunities for helping our fellow title industry members in need, we'll let you know.
The Texas Department of Insurance Consumer Help Line, 800.252.3439, is open from 8 a.m. to 8 p.m. Monday to Friday and 8 a.m. to 5 p.m. Saturday and Sunday. They also have a TDI Help After Harvey resource page. In addition, the State Bar of Texas has a legal hotline at 800.504.7030, as well as a Disaster Relief Resources page
Below is a link to the Houston Chronicle's archive of Hurricane Harvey coverage:
Read Hurricane Harvey Coverage (Houston Chronicle) »
Below are just a few ways you can contribute to relief efforts:
You can donate $10 to the American Red Cross Disaster Relief fund. Simply text REDCROSS to 90999. Learn more
Find an American Red Cross Blood Drive »
Read "Here Are Ways You Can Help People During Hurricane Harvey" (Texas Monthly) »
Clarification to T-S1 Compliance Update
Texas Land Title Association | Aug. 30, 2017
Last Thursday, Aug. 24, TLTA released a Compliance Update reminding agents that the T-S1, also known as the Title Agent's Unencumbered Assets Certification, is due to TDI's Title Examinations Department by Sept. 30, 2017.
However, if an agent is exempt under the statute from having to comply with minimum capitalization, they do not need to send in the TS-1. Rule 2651.012(d) states that an "agent that maintains its principal office in a county with a population of less than 10,000 is exempt from this section." Being exempt from the unencumbered assets requirement means the agency is also exempt from the related reporting requirements.
If you have any questions, please direct them to the Title Examinations Department at the above email address, to Arturo Bustamante at Arturo.Bustamante@tdi.texas.gov
or to Robert York at 512.676.6880.
Read the Original Compliance Update »
Cyber Fraud News: Three Things To Do If Phished
American Land Title Association | Aug. 24, 2017
Title and settlement companies impersonated as part of an email phishing scam should notify customers as soon as possible, contact law enforcement, provide resources for affected consumers and review the company's security practices, according to the Federal Trade Commission (FTC). Offering immediate advice and support can help companies retain customer goodwill.
Click the link below for more tips on how to respond if your business is impersonated in a phishing scam.
Read More »
TLTA will hold Cyber Crime Prevention Update – Scams, Schemes and Your Security
, a pre-Institute cyber fraud program, on Wednesday, Dec. 6, the day before the Texas Land Title Institute. Registration and more information is coming soon. Save the date for this important program.
CFPB News: CFPB Temporarily Adjusts HMDA Rule for Community Banks and Credit Unions
HousingWire | Aug. 24, 2017
After seeking industry comment back in July on a section included in the HMDA, the CFPB decided to temporarily change reporting requirements for banks and credit unions that issue home equity lines of credit.
The deadline to comply with HMDA is quickly approaching, with the rule set to take effect in January 2018.
Read More »
TLTA is scheduling more live webinars for summer 2017. Register now, or explore the On-Demand webinar library today!